15 things your real estate agent does not tell you
These are sure to shock even the most intrepid buyers.
Whether you rent or buy, you have the right real estate professional on your side can mean the difference between a house you love and a person you eager to go out. The good real estate agent can negotiate on your behalf, help you explore the neighborhoods you would never have considered for yourself and can even make you look like a more attractive buyer.
A sub-by-bye, on the other hand, can easily dramatize you by recommending too low offers to compete with other buyers, overlooking or omitting or omitting costly repairs that your future home will need or simply to waste your time Precious by showing houses that show that it is not enough to answer your taste.
The learning of the standards and outs of this competitive industry is a powerful weapon for the landing of the perfect home. In fact, it is often what customers do not think about learning more about their real estate agent who can do or break a business. Since how to win a auction war to find out if these renovations are a wise investment, these curved real estate broker secrets are sure to shock even the most intrepid customers. And when you have the keys to this dream home by hand, shine inside and out with the30 best elegant home improvements of all time.
1 Self-promotion is all
You may think that these Face Face ads listed the same apartment through and over, or these bus stations for the faces of the carrier agents are boring, but they are essential for landing customers.
"There is a heavy promotion when marketing a property for sale, including any direct broadcast, email marketing, website marketing, engine search marketing, social media, social media, public relations and fashioned fashion, telephone and dial broker after the broker after the broker until we locate a buyer, "saysAndrew Sandholm, a certified real estate vendor withBond New York. "My team and I really dropped the list and individually call the 30,000 local salespeople accredited in New York until we find one with a buyer."
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2 Cuisines do not always sell homes
Do not discover a huge amount of money for cooking remodeling assuming it will produce a major return on investment when you sell. Sandholm says that in urban markets like New York where guests eat most of their meals, a beautiful kitchen would not make the difference he would be in a suburban house.
"People often think that the $ 10,000 of renovations that they have made to their cooking should result in a hump of $ 7,000 to $ 10,000 on the asking price. It does not really work that way," says Sandholm. "Of course, the good buyer can pay $ 10,000 more for a renovation of the kitchen, but only if renovations match their taste and style."
3 Your agent knows your neighborhood better than you
A motivated seller should have been due diligence on a neighborhood before showing you homes. If they do not know the neighborhood you are considering, do not be shy to choose someone again to work.
"There is something seriously wrong if you have not studied the neighborhoods in which you sell. As a registration agent, you must know each thing about the neighborhood you sell, including everything from its The best restaurants and cafes near parks and entertainment, as well as future developments likely to lift the values of the neighborhood's house or make it even more desirable, "says Sandholm.
4 Money is king
While coming out of a mortgage, it's always a standard practice for most buyers, if you want to make sure you get your dream home, you have money in hand is not a bad idea.
"Even if you are extremely qualified, a bank will only give the amount of money that the house is evaluated for, so you could not offer a price pose in most cases," says Sandholm. In competitive markets, it often means having the supplement available on your bank account. "If you finance your purchase via a real estate loan, you can only pay for the pocket price."
5 Real estate agents do not always do big dollars
It is true that many people working in real estate draw enormous commissions, but it is not always the case. In fact, many agents, brokers and sellers are barely scratched, especially in ultra-competitive markets.
"The real estate industry is very competitive, including here in Manhattan. There are about 30,000 registered real estate salespeople in New York and only 15,000 transactions each year on average," says Sandholm. "This means that more than half of these agents and brokers only manipulate rentals and do not make sales - or they are sitting on their hands and do nothing."
6 A travel house is essential for a sale
Although television shows can make the purchase and sale of a house that requires serious work seems easy, get a superior fixer sold is actually quite difficult.
"A house that is in perfect condition is extremely important. If your home is not instead and you can afford to make the repairs, it considerably reduces the duration of your house on the market and increases the final sale price "Said Sandholm. "There are some buyers who will take a home improvement project and consider a house that is not in a state of travel, but attention: these buyers also tend to do low balloon."
7 You probably overestimate the value of your home
You can love your home, but it does not mean it will sell for what you hope. Sandholm recommends letting the benefits take the reins when it comes to pricing. Most sellers will be considerably overestimated drastically what their homes are worth the sentence and their homes are on the market longer because of that.
8 You can end up paying much more than you want it
It's good to imagine that paying more extra you will get the home of your dreams, but that's not the case. In markets where homes sell like hotcakes, you will need to aggressively from the beginning. Sandholm says it often takes up to 15% to ask you even ask you to pick up in the game. Before starting to negotiate, make sure you know you knowThe best way to buy real estate.
9 They do not judge you based on your home
You could imagine that an experienced agent mentally criticized your little small or obsolete pad, but Sandholm says that this is not the case. If you feel that your real estate agent judges your decor or to offer more critical suggestions than useful, do not be afraid to hire someone else.
10 An empty house will work against you
Many sellers believe that the emptying of their house will help them attract buyers, but the opposite is true. "People can not view the use of space and so offer less than if they can see how a house can be a house with kitchen table here, sofa and armchairs out there," says Sandholm .
11 Work with a small business will not always improve your experience
It's not because you work with a small brokerage business does not mean that you will get a more personalized experience. While many first-time buyers or sellers assume that the elimination of large companies means that they will get more attentive care of the agents, a seller in a large company often has the same number, if not fewer customers than an overworked in a small agency. .
12 The sale without broker will not save you money
The sale without broker may seem attractive, but it could cost you in the long run. "Real estate is incredibly fleeing and you need to be very informed on the market, sales and negotiation, deal with all types of people and handling multiple types of communication and taking time to show the property and quickly, as well as his knowledge. The ins and outs of how the condos or cooperation work versus the sale of a city house, how the council works, how to put the board package together, where to find a real estate lawyer And how to manage them, etc. Said Sandholm. He warns that, when you finish negotiating against an experienced buyer agent, chances you will not get out.
13 The staging makes all the difference
Your house should not be empty when potential buyers or tenants visit, but that does not mean that it should be full ofyour Stuff, either. Sandholm says that the good staging is essential and that an experienced item can work magic, creating solutions to problems that may otherwise charge a sale, such as poor lighting or a less than ideal view.
14 This commission is not negotiable
If you do not heat with your plumber or doctor, you should not hit your real estate agent. "Please, do not try to negotiate my commission with me; I find it offensive and probably will probably not like customer. Your tax accountant, your prosecutor, a doctor, a child care provider, a grocer , all restaurateurs do not negotiate the price they charge for their goods and services and myself, "said Sandholm. "If you hire a real estate agent who pays him something other than the market rate, how could you trust them to sell your home for the market rate?"
15 Compromise is the key
You should not buy a house that you can not see you love one day. However, this does not mean that you have to love everything about it right now. Sandholm says that, without a virtually unlimited piggy bank piggy bank, there will always be something that would not bother me to change from home. Look for a location that checks the most important items for you, whether it's a large master suite or a finished basement and repair what you can along the way. If you have deep pockets, make sure to enter an armed real estate transaction of the 10 Secrets Luxury homebuyers should know !
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